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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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Hyundai Steel Signs Off on New Long Steel Rolling Mills

06 April 2018 - South Korea’s Hyundai Steel has issued final acceptance certificates on two bar mills installed at its Dangjin plant.   

Report: Tata Receptive to Holding Majority Share in thyssenkrupp Joint Venture

06 April 2018 - Tata Steel is open to taking a majority stake in its planned joint venture with thyssenkrupp, a sign that the Indian steelmaker is committed to growing internationally, reports the Reuters news service. 

Kobe Steel Plans New Annealing Line

04 April 2018 - Japan’s Kobe Steel Ltd. said it will expand its capacity to make ultrahigh-strength steel through the equivalent of a US$470.5 million investment at its Kakogawa Works, the steelmaker announced Wednesday. 

Gerdau Finalizes Divestment of Texas Mill

03 April 2018 - Gerdau SA has completed the sale of its Beaumont, Texas, wire rod mill and two downstream facilities to an entity affiliated with Florida-based Wire Mesh Corp. 

Union Remains Hopeful for Deal to Save Hamilton Specialty Bar

29 March 2018 - Even as Canadian SBQ manufacturer Hamilton Specialty Bar (2007) Inc. faces liquidation, talks are continuing with a potential buyer who intends to continue operating the business, and the United Steelworkers union remains optimistic that a deal can be struck, reports Canadian news radio station AM900 CHML. 

German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture

29 March 2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up. 

Primetals Technologies Finishes Upgrades to Georgia Caster

29 March 2018 - Gerdau’s sections mill in Cartersville, Ga., USA, has completed modifications to its 4-strand caster and has put the machine back into service, according to the equipment supplier on the project. 

Steel Tariffs Enabling Potential Mill Restarts in Ohio

28 March 2018 - Republic Steel might restart a bar rolling mill at its idled Lorain, Ohio, USA, facility as soon as this spring, reports American Metal Market.  

Looking to Reduce Debt, CSN Eyes Asset Sales

28 March 2018 - Companhia Siderurgica Nacional chief executive Benjamin Steinbruch said the Brazilian steelmaker is planning to sell between US$600 and US$901 million worth of assets this year to pay down debt, reports the Reuters news service. 

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 March 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business. 

New Mill to Expand Carpenter Technology's Soft Magnetics Capabilities

27 March 2018 - Carpenter Technology Corp. has announced plans to build a US$100 million hot strip mill at its Reading, Pa., USA, plant, expanding its capability to produce soft magnetic alloys. 

ArcelorMittal Disputes Disqualification of Essar Steel Bid

27 March 2018 - ArcelorMittal is challenging the disqualification of its bid for Essar Steel Ltd. under Indian insolvency proceedings, reports the (London) Financial Times. 

JSW Steel Eyes US$500M Investment in Texas Mill

26 March 2018 - JSW Steel could invest up to US$500 million in its plate and pipe mill in Texas and add a hot end to the facility, according to an announcement.  

Essar Steel Creditors Call for Redo on Bidding

22 March 2018 - Essar Steel Ltd.’s creditors committee has rejected offers from both ArcelorMittal and an entity led by a Russian bank on grounds that both were ineligible to bid under Indian insolvency rules, according to reports.  

Deadline for Hamilton Specialty Bar Sale Draws Near

22 March 2018 - An investment firm is scrambling to finalize a bid for insolvent SBQ maker Hamilton Specialty Bar in Canada before a deadline Monday. 

Big River Might Make Expansion Decision Soon

20 March 2018 - Big River Steel executive Mark Bula said he believes his company will make the call on an expansion sometime this year.

Indiana Steelmaker Expects Increase in Q1 Earnings

19 March 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year. 

Japan's Largest Steelmaker Extends International Reach With Ovako Acquisition

15 March 2018 - Nippon Steel & Sumitomo Metal Corp. (NSSMC) is acquiring Swedish specialty steelmaker Ovako AB for an undisclosed amount. 

Nucor Contracts with SMS group for Illinois Bar Mill

14 March 2018 - SMS group has been awarded a contract to build Nucor Corp.’s planned merchant bar mill at its existing Kankakee bar plant in Illinois. 

AK Steel Workers OK New Labor Pact

13 March 2018 - Unionized employees at AK Steel Corp.’s Middletown Works in Ohio have ratified a new two-year labor agreement, the company announced Tuesday.

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